NSE:GARUDA Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	4,632	2,257	1,542	1,607	770.21	719.55
Revenue Growth (YoY)	200.46%	46.37%	-4.05%	108.63%	7.04%	-41.94%
Cost of Revenue	2,980	1,397	943.61	1,008	422.13	533.99
Gross Profit	1,652	860.05	598.18	598.47	348.07	185.56
Selling, General & Admin	16.49	38.89	28.08	15.66	12.74	20.2
Other Operating Expenses	228.51	150.23	72.15	23.64	63.7	-15.86
Operating Expenses	249.22	193.24	104.34	44.51	79.55	7.3
Operating Income	1,403	666.82	493.84	553.95	268.52	178.26
Interest Expense	-14.06	-0.1	-0.13	-3.51	-19.46	-22.73
Interest & Investment Income	11.74	11.74	2.9	0.75	0.06	0.06
Other Non Operating Income (Expenses)	16.65	-10.06	-0.12	-0.32	-1.28	-0.56
EBT Excluding Unusual Items	1,417	668.4	496.5	550.87	247.84	155.03
Gain (Loss) on Sale of Investments	-	-	-	-	-	-32.14
Pretax Income	1,417	668.4	496.5	550.87	247.84	122.89
Income Tax Expense	356.45	170.42	132.15	142.92	60.02	30.11
Earnings From Continuing Operations	1,061	497.98	364.35	407.95	187.82	92.78
Minority Interest in Earnings	-0.34	-0.03	-	-	-	-
Net Income	1,061	497.95	364.35	407.95	187.82	92.78
Net Income to Common	1,061	497.95	364.35	407.95	187.82	92.78
Net Income Growth	191.10%	36.67%	-10.69%	117.20%	102.44%	530.33%
Shares Outstanding (Basic)	93	83	75	75	75	75
Shares Outstanding (Diluted)	93	83	75	75	75	75
Shares Change (YoY)	24.53%	11.23%	-	-	-	-
EPS (Basic)	11.40	5.99	4.87	5.46	2.51	1.24
EPS (Diluted)	11.40	5.99	4.87	5.46	2.51	1.24
EPS Growth	133.76%	22.86%	-10.69%	117.20%	102.44%	530.33%
Free Cash Flow	-	-1,112	-69.35	119.52	117.58	59.53
Free Cash Flow Per Share	-	-13.38	-0.93	1.60	1.57	0.80
Gross Margin	35.67%	38.11%	38.80%	37.24%	45.19%	25.79%
Operating Margin	30.29%	29.55%	32.03%	34.47%	34.86%	24.77%
Profit Margin	22.89%	22.07%	23.63%	25.39%	24.39%	12.89%
Free Cash Flow Margin	-	-49.30%	-4.50%	7.44%	15.27%	8.27%
EBITDA	1,407	670.94	497.95	559.17	271.63	181.23
EBITDA Margin	30.38%	29.73%	32.30%	34.80%	35.27%	25.19%
D&A For EBITDA	4.12	4.12	4.11	5.21	3.11	2.97
EBIT	1,403	666.82	493.84	553.95	268.52	178.26
EBIT Margin	30.29%	29.55%	32.03%	34.47%	34.86%	24.77%
Effective Tax Rate	25.15%	25.50%	26.61%	25.94%	24.22%	24.50%
Revenue as Reported	4,677	2,274	1,545	1,610	770.28	752.02
Advertising Expenses	-	0.07	0.43	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.